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Loan Modification

: Mortgage Lender Implode-o-Meter

Volcker Said to Be Disappointed With Final Version of His Rule

By Implode-Explode Heavy Industries

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``Paul Volcker is disappointed with the final version of the rule that bears his name... Volcker, the 82-year-old former Federal Reserve chairman, didn?t expect the proposal to be diluted so much, said a person with knowledge of his views. He?s content with language that bans banks from trading with their own capital, the person said.''

Full post as published by Mortgage Lender Implode-o-Meter on June 30, 2010 (boomark / email).

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